Explore the tokenomics of Omega Network(OMN) and review the project details below.

What is the allocation for Omega Network(OMN) ?

The total supply of OMN is 970 million tokens.

- OMN User Mining: 295.85 million OMN, 30.5% of total supply

- Node Mining: 339.5 million OMN, 35% of total supply

- Seed Round: 330,616.546 OMN

- Public Sale: 9.7 million OMN, 1% of total supply

- Treasury: 97 million OMN, 10% of total supply

- Reserve: 48.5 million OMN, 5% of total supply

- Staking Reward: 48.5 million OMN, 5% of total supply

- Exchange & Liquidity: 87.3 million OMN, 9% of total supply

What is the supply schedule for Omega Network(OMN) ?

The users' mining pool accounts for 30.5% of the total token supply. For tokens mined by existing users, 25% will be unlocked on the day of the token launch. After the token launch, 1% of the remaining locked tokens will be unlocked daily. All tokens minted after the Token Generation Event (TGE) are not locked.

A total of 330,616.546 tokens were sold in the seed and private sale rounds, and the remaining tokens have been burned.

Omega Network implements monetary deflation according to "Debt deposition - Monetary tightening theory" （The Debt-Deflation Theory） proposed by world-famous economist Irving Fisher. Monetary tightening will increase the real purchasing power of money. To do that, we'll burn some OMN.

Quarterly amount of burning based on community growth and mining rate. In addition, a part of the fee collected will be burned. Total burning does not exceed 3% of the total supply. The burning process will be public and transparent to ensure that all users can know the information through the blockchain browser.